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What is this comparing?
‍The calculator is comparing what the impact is using OwnHome versus renting while saving for a deposit yourself. It compares this over a 5 year period, working towards a 13.5% deposit under each.
With OwnHome, after 5 years your purchase credits equal 13.5% of the exercise price agreed with OwnHome.
Under Rent & Save, this 13.5% deposit is saved independently, meaning you would be putting aside money that after 5 years, is worth 13.5% of the future value of that property.

‍What is the market growth rate?
‍This is the rate at which Sydney property prices have grown historically. As an example, if a property is worth $1,000,000 and the market grows by 5%, then that property could potentially be worth $1,050,000 after 1 year (although the ‘market rate’ is an average, meaning individual properties can grow at different rates)
Property prices fluctuate constantly. The 50 year, 10 year, 5 year, and Year-to-date averages are historical rates of Sydney property prices, and are not forward looking projections as past performance is not an indication of future performance.
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‍What do you mean by Days and Years?
‍This is referring to when you could stop renting and move into your own home. While OwnHome holds title to the property until you purchase it from us and move to a bank mortgage, you get to act and feel like a homeowner.
OwnHome makes no representation or guarantee that if you Rent & Save, you will be able to purchase a home in 5 years and is purely for informational purposes. We do not know your personal situation and so are in no way making a representation as to your future ability to obtain a mortgage under the Rent & Save scenario.
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‍LVR
‍LVR stands for “Loan-to-Value-Ratio”. It refers to the size of the loan you have from the bank (ie. the Mortgage) compared to the value of the property.
As an example, if a property is worth $1,000,000 and there is a mortgage of $800,000, then the LVR is 80% ($800,000 divided by $1,000,000)
‍If you want to know more, see here for more information on deposits and LVR.

‍How do you calculate the Mortgage required?
With OwnHome, you pre-agree the price that you can purchase the home from us at. You also accrue Purchase Credits to be put towards that particular home.